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2025-01-11

FRISCO, Texas (AP) — Wesley Celichowski's 22 points helped Air Force defeat Stony Brook 69-61 on Saturday. Celichowski shot 6 of 10 from the field, including 2 for 4 from 3-point range, and went 8 for 8 from the line for the Falcons (3-7). Ethan Taylor scored 17 points while going 6 of 11 (3 for 6 from 3-point range) and added eight rebounds, six assists, and three steals. Caleb Walker shot 6 of 6 from the field and 2 of 4 from the free-throw line to finish with 14 points. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get updates and player profiles ahead of Friday's high school games, plus a recap Saturday with stories, photos, video Frequency: Seasonal Twice a weekNone
NEW YORK (AP) — U.S. stock indexes drifted amid mixed trading Monday, ahead of this week’s upcoming meeting by the Federal Reserve that could set Wall Street’s direction into next year. The S&P 500 rose 0.4%, coming off its first losing week in the last four . The Nasdaq composite climbed 1.2% to a record, while the Dow Jones Industrial Average was a laggard and fell 110 points, or 0.3%. Broadcom leaped 11.2% to help lead the S&P 500 for a second straight day after delivering a profit report last week that beat analysts’ expectations. The technology company is riding a wave of enthusiasm about its artificial-intelligence offerings in particular. The market’s main event, though, will arrive on Wednesday when the Federal Reserve will announce its last move on interest rates for the year. The widespread expectation is that it will cut its main rate for a third straight time, as it tries to boost the slowing job market after getting inflation nearly all the way down to its target of 2%. The question is how much more it will cut rates next year, and Fed officials will release projections for where they see the federal funds rate ending 2025, along with other economic indicators, once their meeting concludes. Fed Chair Jerome Powell will also answer questions in a press conference following the meeting. For now, the general expectation among traders is that the Fed may cut a couple more times in 2025, according to data from CME Group. But such expectations have been shrinking following reports suggesting inflation may be tougher to get all the way down to 2% from here. Besides last month’s slight acceleration in inflation, another worry is that President-elect Donald Trump’s preferences for tariffs and other policies could lead to higher inflation down the line. Goldman Sachs economist David Mericle has dropped his earlier forecast of a cut by the Fed in January, for example. Beyond the possibility of tariffs, he said Fed officials may also want to slow their cuts because of uncertainty about exactly how low rates need to go so that they no longer press the brakes on the economy. Expectations for a series of cuts to rates by the Fed have been one of the main reasons the S&P 500 has set an all-time high 57 times so far this year and is heading for one of its best years of the millennium . The economy has held up better than many feared, continuing to grow even after the Fed hiked the federal funds rate to a two-decade high in hopes of grinding down on inflation, which topped 9% two summers ago. On Wall Street, MicroStrategy jumped as much as 7% during the day as it continues to benefit from the surging price for bitcoin , which set another all-time high. But its stock ended the day down by les than 0.1% after bitcoin’s price pulled back below $106,000 after setting a record above $107,700, according to CoinDesk. The software company has been building its hoard of the cryptocurrency, and its stock price has more than sextupled this year. It will also soon join the Nasdaq 100 index. Bitcoin’s price has catapulted from roughly $44,000 at the start of the year, riding a recent wave of enthusiasm that Trump will create a system that’s more favorable to digital currencies . Honeywell rose 3.7% after saying it’s still considering a spin-off or sale of its aerospace business, as part of a review of its overall business. It said it plans to give an update with the release of its fourth-quarter results. They helped offset a drop for Nvidia, whose chips are powering much of the world’s move into AI. Its stock fell 1.7%. Because it’s grown so massive, with a total value topping $3 trillion, it was the single heaviest weight on the S&P 500. All told, the S&P 500 rose 22.99 points to 6,074.08. The Dow Jones Industrial Average fell 110.58 to 43,717.48, and the Nasdaq composite rose 247.17 to 20,173.89. In the bond market, Treasury yields held relatively steady. The yield on the 10-year Treasury edged down to 4.39% from 4.40% late Friday. The two-year yield, which more closely tracks expectations for the Fed, eased to 4.24% from 4.25%. In stock markets abroad, indexes fell modestly across much of Europe and Asia. They sank 0.9% in Hong Kong and 0.2% in Shanghai after China reported lackluster economic indicators for November despite attempts to strengthen the world’s second-largest economy. South Korea’s Kospi fell 0.2% as law enforcement authorities pushed to summon impeached President Yoon Suk Yeol for questioning over his short-lived martial law decree, and the Constitutional Court met to discuss whether to remove him from office or reinstate him. AP Business Writer Elaine Kurtenbach contributed.America's richest black person is a tech entrepreneur worth $11.4 billion
Washington Capitals star Alex Ovechkin has a broken left fibula and is expected to miss 4 to 6 weeks
The AP Top 25 men’s college basketball poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here . CONWAY, S.C. (AP) — Jestin Porter had 26 points in Middle Tennessee’s 95-88 win over South Florida on Friday. Porter shot 9 for 12 (4 for 6 from 3-point range) and 4 of 4 from the free-throw line for the Blue Raiders (5-1). Essam Mostafa scored 20 points and added 10 rebounds. Kamari Lands shot 6 for 12, including 4 for 8 from beyond the arc to finish with 17 points. The Bulls (3-3) were led in scoring by Jayden Reid, who finished with 18 points, four assists and three steals. Jamille Reynolds added 17 points and nine rebounds for South Florida. Kasen Jennings finished with 13 points. Middle Tennessee led 51-33 at halftime, with Porter racking up 14 points. Mostafa led the way with a team-high 14 second-half points. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .Legal experts ripped apart Donald Trump's latest request to have his guilty verdict in New York tossed, in which he cited Hunter Biden's sweeping pardon. Trump's lawyers filed a motion to dismiss the guilty verdict , handed down by a New York state jury in May. The questionable filing prompted legal analysts to post takedowns on social media and say they expected the judge will ignore the request. In 72 pages , the lawyers cite Trump's case in federal court and the opinion rules of the Department of Justice Office of Legal Counsel. However, rules for federal prosecutors don't bind Manhattan District Attorney Alvin Bragg, as that case is in a state court. “Since DA Bragg took office, he has engaged in ‘precisely the type of political theater’ that President Biden condemned," the filing said. Former ethics czar Norm Eisen soundly trounced that claim in a Bluesky thread . ALSO READ: Will Trump back the FBI’s battle against domestic extremists? He won’t say. Eisen later pointed out that Trump's lawyers even went so far as to "invent a new constitutional category of pre-presidential privileges, arguing that the case must be dismissed bc it 'disrupts his transition efforts and his preparations.'" As Eisen explains, there's no such law. As for the Biden pardon, Reuters judicial reporter Brad Heath concluded the claim, which appears on "the first page of this filing," was likely "written for an audience other than the judge." Lawfare's senior editor, Roger Parloff , posted a screen capture on X revealing, " Trump asks that if Justice Merchan plans to deny his now two pending motions to dismiss and schedule a sentencing that grants Trump a 2-week stay so he can seek a federal injunction." The organization State Democracy Defenders Action released a statement saying, "Trump, like everyone else, should be held accountable for his crimes."
OTTAWA - The dismissal of a class-action lawsuit over rules governing the cross-border live bee trade is casting a spotlight on political division within Canada’s beekeeping community. A federal judge has ruled against awarding commercial beekeepers damages from a decades-old partial ban on shipping live honeybees across the Canada-U.S. border, which is in place out of concerns that could bring in aggressive pests and diseases. Beekeepers from Western Canada involved in the suit claim the government’s risk assessments that inform the tight restrictions are hurting their businesses and are blown out of proportion. Michael Paradis of Paradis Honey Ltd., a seven-generation family beekeeping business based in Girouxville, Alta., and one of the representative plaintiffs in the case, said he’s disappointed with the ruling, saying it puts beekeepers in a “dangerous position” since the industry is already in crisis mode. “Canada does not have enough bees and cannot replenish its own stock at all,” he said. “It’s going to mean a lot more hardship for the industry if we cannot get access to the U.S. bees.” Beekeepers were slammed during the COVID-19 pandemic, when fewer airline flights made it harder to import bees and they suffered a nightmare year of winter losses in 2022. Manitoba commercial beekeeper Brent Ash, one of the witnesses in the case, said the ruling will hamper the industry, and makes it especially tough for apiaries in colder parts of the country like the Prairies, where most of Canada’s beekeepers are located. “Climate makes the regional divide difficult to keep those bugs alive over the course of the winter,” he said, noting honeybees are not native to North America. But Steve Moore, president of the Ontario Beekeepers’ Association, said his group worries about the risks of accidentally bringing in antibiotic resistant mites, the import of Africanized honeybees commonly known as killer bees, and a small hive beetle that’s capable of damaging colonies. “In Ontario here, we feel quite strongly that we don’t want to take the risk of it becoming even more challenging if some of these new and emerging threats come into the country in packages,” he said. But he empathizes with the plaintiffs. “When we go into our apiaries, we get stung by our bees. When we come home, we might be stung by a low honey price, stung by rising cost of production or stung by high overwintering losses, with the threat of new and emerging pathogens. So, we’re all facing the same challenges and it’s a challenging time to be a beekeeper,” he said. Even though a ban on U.S. live bee imports expired in 2006, Ottawa has not issued permits for the live worker bee boxes to be brought over the border since. The plaintiffs argued Ottawa owes them duty of care — and hundreds of millions in damages. The judge disagreed. “There is no duty of care owed and no negligence,” Justice Cecily Strickland wrote in a lengthy ruling, adding the plaintiffs failed to establish that Ottawa hurt their businesses. The case has a long history, dating back to a court filing from 2012, and was only certified as a class action in 2017. The problem is even older. Headlines from the 1980s screamed about fears that deadly infectious mites from U.S. states could level Canadian bee populations. Risks to bee health have only compounded since then. A 2003 risk assessment by the regulator found that importing queen bees was less risky, since they are easier to inspect. So, Canada allows imports of queen bees and their worker-bee attendants from the U.S., Chile, Australia, New Zealand, Denmark, Italy and Malta. “Bee packages carry a higher risk of disease introduction because they are shipped with the contents of their hive, which may include mites, parasites and bacteria,” said a statement from the Canadian Food Inspection Agency that welcomed the judge’s ruling. Canada does, however, also allow imports of worker bee packages from Italy, Chile, Australia and New Zealand, which sent Canada some 69,364 kgs of packaged bees in 2023, according to statistics from Agriculture and Agri-Food Canada. But importing from these countries also dramatically drives up import costs due to transportation. One of the plaintiffs, John Gibeau, wrote to CFIA a decade ago complaining that importing more than 1,200 packages for $170,000 would have cost half that if he could have purchased them from California instead. Gibeau said he wasn’t ready to comment since he hasn’t yet digested the ruling. Paradis said the larger issue for him than cost, though, is the quality of the bee stock and the timing of when shipments arrive. “We are looking at bees in the U.S. that are spring bees — young, invigorated bees,” he said, adding that gives them longer lifespans in Canada. While he was disappointed, Paradis said one of the main reasons for the lawsuit was to “bring CFIA to the table and to actually have some discussions” on the import ban, something he said has only happened recently. Canada’s honeybee pollination is estimated to contribute $3.18 billion directly to the economy, but that rises to $7 billion a year when canola pollination is factored in. Canada has some 794,341 beehives. This report by The Canadian Press was first published Dec. 7, 2024.
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